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GTS Blog

How to Get the Most Out of Attending a Trade Show

Posted by Ascent Global Logistics on Apr 1, 2017 3:00:00 PM

With hundreds of exhibitors and thousands of attendees, it can be overwhelming to
attend a robust trade show. With so many seminars, discussions, presentations and exhibits, how can you see everything? Simply put, you can’t. With a bit a of prep beforehand; you can set yourself up to get the most out of your trade show attendance.

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Topics: Business Growth, Trade Shows

How an Inbound Program Can Benefit You as a Vendor

Posted by Ascent Global Logistics on Apr 1, 2017 2:00:00 PM

Over the past few weeks, we covered the importance and benefits of implementing a proper inbound shipping program as a customer. But what are the advantages of an inbound shipping program to you as the vendor? Healthy vendor relationships are important to ensure profitability in your business.  Vendor Compliance Programs exist to improve vendor performance and reduce supply chain variability.

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Topics: Inbound Shipping, Business Growth

Growing Pains: How to Prevent Outgrowing your Supply Chain

Posted by Ascent Global Logistics on Mar 29, 2017 2:19:33 PM

One trend we frequently see as companies grow in reach and size is the need to adapt change within the organization and apply it to their supply chains. As more businesses expand their services nationally and especially internationally, it’s crucial to take another look at your inbound and outbound shipments to ensure you are cutting costs and time, while saving resources.

Easier said than done. Although your organization quickly outgrew your current supply chain, it can take three times as long to update it so it now aligns with your current business process and goals.  By the time changes are implemented, your business could have grown significantly again! However, creating a partnership with a 3PL can greatly benefit your organization as it continues to grow. Below are 3 ways your business can benefit from leveraging a 3PL relationship.

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Topics: Supply Chain, Business Growth

Transportation Evaluation: Where to Start?

Posted by Ascent Global Logistics on Mar 29, 2017 1:23:57 PM

As your business grows and becomes more dynamic, so does your supply chain. While your strengths lie in earning new business, marketing, and/or operations, it is difficult to dedicate the proper time to your supply chain. Growth is a time to reevaluate your current logistics process and find opportunities to streamline and save. But where do you begin this process? What type of evaluation is required to determine what the best fitting solution for your needs?

Before you begin talking to vendors or implementing changes, it’s important to gain full visibility of how your supply chain operates today and determine costs involved, both hard and soft. Below are 3 steps to take to determine the current state of your supply chain.

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Topics: Supply Chain, Logistics, Business Growth, Cut Costs, Logistics Bid Process

The Logistics Bid Process: Best Practices from Industry Experts

Posted by Ascent Global Logistics on Mar 29, 2017 9:18:01 AM

After a detailed evaluation of your logistics program and departments, your organization realized their need to partner with a third-party logistics provider (3PL) to more proactively manage their freight. Now that you have a greater understanding of your supply chain’s current and future states, it’s time to send a bid to a 3PL, but where do you start? If you have never sent a bid or Request for Proposal (RFP) to a 3PL, it can difficult to navigate what to include in your bid and which questions to ask during the bidding process. In this blog, the GTS experts weigh in on best practices.  

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Topics: Business Growth, Cut Costs, Logistics Bid Process, 3PL Industry News

Transportation Evaluation: When to Revisit your Freight Rates

Posted by Ascent Global Logistics on Mar 28, 2017 6:26:16 PM

General Rate Increase or GRI, is the average amount by which a tariff rate increases, which is applied to your company’s base freight rate. GRIs can occur multiple times throughout the year and it likely you have already experienced rate increases. Although each GRI may have a small impact on your overall logistics costs, over time they can quickly add up. As a result, GTS recommends revisiting your freight rates periodically throughout the year to ensure you are receiving the value you expect from your vendors. Below are 3 tips to keep in mind while reviewing your current contracts:

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Topics: Supply Chain, Logistics, Business Growth, Cut Costs, Logistics Bid Process

How Data Visualization Can Improve the Supply Chain

Posted by Ascent Global Logistics on Mar 28, 2017 6:23:56 PM

 The ability to effectively manage your supply chain has a direct impact on the organization’s bottom line and market share. With new customer demands and advances in technology, businesses must have visibility into their processes to ensure products are being delivered and meeting customer’s expectations, all while reducing costs. Likewise, the increasing complexity of today’s supply chains has made it more difficult to monitor and control related tools, activities, and procedures. By achieving visibility, managers can more effectively identify and manage risks in the supply chain and respond to customer demands and other complexities in real time. However, this is easier said than done.

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Topics: Supply Chain, Logistics, Business Growth, Cut Costs, Big Data

International Logistics Expansion via Panama Canal

Posted by Ascent Global Logistics on Mar 28, 2017 5:03:35 PM

Improved shipping lanes with wider and deeper channels, will increase the number and size of ships that can utilize the Panama Canal, causing a significant shift in trade patterns and increase in global trade. So what can U.S. companies do to take advantage of this? Well, with the expansion creating opportunities for global trade, there’s opportunities for expanding both supplier and customer bases internationally.

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Topics: Logistics, Business Growth

Transportation KPI's For SMB's

Posted by Ascent Global Logistics on Mar 27, 2017 4:41:52 PM

While some people might disagree that the point of business is to make a profit, we can all agree that businesses need to make a profit if they desire to become self-sustaining. This is especially true for small- to mid-sized businesses (SMBs.)

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Topics: Business Growth, Big Data

4 Ways to Make Your Supply Chain Ethical (infographic)

Posted by Ascent Global Logistics on Mar 27, 2017 12:17:21 PM

 In a hypercompetitive global market, fiscal imperatives often trump over values-even those values of social responsibility and ethical behavior. As globalization and outsourcing grew in the last two decades, supply chain ethics began to diminish.

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Topics: Supply Chain, Business Growth, Risk Management

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